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Old 05-19-2009, 01:37 PM   #1
AVANTI R5
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Default Daimler AG acquires nearly 10 percent stake in Tesla




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Daimler AG announced today that it has acquired an equity stake of nearly 10 percent in Tesla Motors, which strengthens their already existing relationship. The two companies have already been working on integrating Tesla’s lithium-ion battery packs into 1,000 units of the electric Smart ForTwo. The 1,000 units of the second-generation Smart ForTwo with electric-drive will be used in projects in Berlin and Italy.

As part of Daimler’s stake in Tesla Motors, Prof. Herbert Kohler, Vice President E-Drive and Future Mobility at Daimler AG, will take a seat on Tesla Motor’s board of directors.

Daimler said that this year, Mercedes-Benz will introduce a limited-series production of the Mercedes-Benz B-Class with a fuel-cell drive system. That will be followed by the first battery-powered Mercedes-Benz in 2010. In 2012, Daimler plans on fitting all Smart and Mercedes-Benz electric vehicles with lithium-ion batteries.

Click through for the press release and images from the press event.
http://www.egmcartech.com/2009/05/19...take-in-tesla/
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Old 05-19-2009, 01:38 PM   #2
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Default What does Daimler’s 10% stake in Tesla Motors mean for the Model S sedan?

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As many of you know by now, Daimler AG has acquired a 10 percent stake in Tesla Motors. During the press conference earlier this morning, Tesla Motors CEO Elon Musk said that his company is “looking forward to a strategic cooperation in a number of areas including leveraging Daimler’s engineering, production and supply chain expertise. This will accelerate bringing our Tesla Model S to production and ensure that it is a superlative vehicle on all levels.”

Being huge fans of the Tesla Model S we decided to contact Tesla Motors for more information on what the Daimler acquisition means for the company’s new electric-sedan.

While Senior Communications Manager Rachel Konrad couldn’t give us specific details she did say that Tesla and Daimler are currently evaluating precisely where they can collaborate.

“Although it’s premature to speculate exactly where those areas of partnership will be, the Model S is certainly key to Daimler’s investment and confidence in Tesla,” Konrad told egmCarTech in an e-mail. “We are looking forward to a strategic cooperation in a number of areas including leveraging Daimler’s engineering, production and supply chain expertise.”

Konrad went on to say that “Tesla still plans to produce the Model S in its own manufacturing facility in California. In addition, Tesla will continue its distribution strategy by independently opening Tesla owned show rooms worldwide.”

Tesla recently announced that it has received over 1,000 reservation for its Model S sedan. Money from the reservations and a pending $350 million loan from the Department of Energy’s Advanced Technology Vehicle Manufacturing Program, will be used to build the Model S in California.

Tesla Model S:
http://www.egmcartech.com/2009/05/19...model-s-sedan/

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Old 05-19-2009, 01:47 PM   #3
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whoa. this is good I think. I'm rooting for the Model S
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Old 05-19-2009, 02:11 PM   #4
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Wow, that's great! I guess now I know who all the suits are - meeting almost every night at Tesla Menlo Park.

I went in to see the Model S - the one there is just a shell at this point. Couldn't get any info on the DOE loan, supposed GE partnership, or exactly where the factory will be.
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Old 05-19-2009, 09:26 PM   #5
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Is it just me, or does everything that Daimler touches that doesn't have the three pointed star come out crap investment-wise.
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Old 05-22-2009, 10:43 PM   #6
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Is it just me, or does everything that Daimler touches that doesn't have the three pointed star come out crap investment-wise.
Observant man. The clues are in the article though....they want the battery technology and a crack at that 350million from the govt, and then they are out---if, we are going to take the cues from a bogus partnership they had with Chrysler. With Chrysler it was Chrysler Credit.
Check with Fokker and Freightliner and ask them about being aquired by Daimler and let them tell you how that worked out? The Germans bleed you then leave you to fend for youself. Tesla is a goner fro sure.
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Old 05-23-2009, 08:27 AM   #7
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Good riddance. Perhaps MB can build an electric car people can actually afford to buy.

You guys are right though, MB takes what they want, and lets the rest to die. Not nice, but hardly stupid
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Old 05-23-2009, 10:49 PM   #8
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Good riddance. Perhaps MB can build an electric car people can actually afford to buy.

You guys are right though, MB takes what they want, and lets the rest to die. Not nice, but hardly stupid
Unbelievably stupid is more like it. The Chrysler deal lost them billions and billions of $. I have not seen a definitive final cost, but I'm guessing they lost over $20 billion on the Chrysler deal.
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Old 05-23-2009, 11:47 PM   #9
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Yes, and it serves them right. Who knew back then credit market would be total manure these days. I think in the long run it still only ends up being a pinch to them rather than a vicious bite. Hell Chrysler had a 8 billion dollar back up fund when MB came on board that cough: cough: mysteriously dried up.
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Old 05-24-2009, 12:16 AM   #10
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Yes, and it serves them right. Who knew back then credit market would be total manure these days. I think in the long run it still only ends up being a pinch to them rather than a vicious bite. Hell Chrysler had a 8 billion dollar back up fund when MB came on board that cough: cough: mysteriously dried up.
You got your time line wrong. The deal was done long before the credit crunch. I also bet Cerberus ended up with the cash.
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Old 05-26-2009, 01:35 AM   #11
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train wreck in progress
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